Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Escanaba, MI FHA Loans in Michigan

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.


FHA loans offer Escanaba, MI residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

Return to fha loans in the state of MI

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Escanaba, Michigan News
Escanaba business man honored

John Soper, Jr. has been named the minority small business person of the year for 2008 by the Small Business Association of Michigan.

Tonight on TV6 Wednesday

Here's a look at what we're working on for tonight's news. Wednesday, November 19, 2008 at 2:15 p.m. Michigan's unemployment rate jumped up .6% today to 9.3%. Tonight, on your TV6 News, the cause behind the ...

Weak economy closes area business

The declining economy has played a role in the closure of yet another area business.

Price of deer feed higher

The firearm deer season is just days away. A A A A Although deer baiting regulations haven't changed this year, the price of bait has.A Owner of Mel's Lawn, Garden and Feed Center in Escanaba says the price of ...

Escanaba loft project still on-track

The new loft apartment project in downtown Escanaba is right on schedule, with hopes to finish within a year and a half.

Niagara Woman Charged With Harboring A Felon

A 24 year old Niagara female has been charged with allegedly harboring a 20 year old male, who had escaped from the Dickinson County Correctional Center early Sunday morning, Nov.

Canathon kicks off

The TV6 Canathon officially kicked off on Monday amid difficult economic times that will likely get worse before they get better.

Escanaba students say map misprint is insult to UP

Some Escanaba high school students are upset that a map in their history textbook appears to exclude Michigan's Upper Peninsula from the borders of the United States.

Escanaba Students Say Map Misprint is Insult to UP

Some Escanaba high school students are upset that a map in their history textbook appears to exclude Michigan's Upper Peninsula from the borders of the United States.

Think you're having a heart attack?

Heart attacks can be fatal, and can happen to anyone, but what are the symptoms? Are there certain people who are more at risk? Joe Moberg has suffered 3 heart attacks in the past 9 years.

Escanaba man killed in car crash

An Escanaba man has been killed in a traffic crash in Marinette County Wisconsin.A It happened Tuesday afternoon on Highway 41 in the town of Grover.

Kildee, Stupak hold onto seats

Incumbents Bart Stupak and Dale E. Kildee had little trouble holding on to their U.S. House seats on Tuesday.

Fire destroys Escanaba home

Fire has destroyed a home in Escanaba. Firefighters received a call shortly before 10 am Monday morning that a fire had broken out at Third Avenue South and 18th Street.

Tonight on TV6 Tuesday

Here's a look at what we're working on for tonight's news. Tuesday, October 28, 2008 at 1:35 p.m. These are your stories for Tuesday, October 28, 2008.

Escanaba Fazoli's closes

The Fazolis restaurant on Lincoln Road in Escanaba has closed down. Wednesday was the last day of business.

Michigander says bird shot was meant for bird, not man

ESCANABA - A woman who mistakenly shot a man as he picked apples in the Upper Peninsula has pleaded guilty to a misdemeanor.

Vandal sentenced to boot camp

A Bark River man will be heading to boot camp for his part in vandalizing the Escanaba Athletic Field.

Tonight on TV6 Friday

Here's a look at what we're working on for tonight's news. Friday, October 24, 2008 at 2:39 p.m. These are your stories for Friday, October 24, 2008.

Around the state: Man charged in teen's shooting

The Kent County prosecutor has filed a misdemeanor charge against a man who shot a 14-year-old boy involved in a toilet-paper prank.

Defendant sentenced in sex assault

A young Escanaba man will spend at least the next few years of his life in prison on sexual assault charges.

Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)